Coming Attractions: BP Oil Spill Set to Hit the Big Screen

A guest post from TIME’s Tara Kelly: With the one-year anniversary of BP’s Gulf of Mexico oil disaster nearly upon us, that can only mean one thing for filmmakers. The time is ripe for a Hollywood adaptation. But forget corporate negligence or severe environmental damage. (Those don’t sell movies, they just grab headlines.) No, instead, [...]

BP Doesn’t Want to Pay Full Price for Oil Spill Damages

You may remember, back when the oil was still gushing into the Gulf of Mexico in June, that then BP-CEO Tony Hayward apologized for the oil spill and promised that the company would “make this right.” Actually, you don’t have to remember—they made a TV ad about it: Wait, sorry, wrong one. Try this: Yet [...]

British Lawmakers: No Need To Ban Offshore Drilling

A report by a British parliamentary committee looking into the Deepwater Horizon oil disaster warned on Tuesday that Britain is not ready to handle a spill of the kind suffered by BP in the Gulf of Mexico, but found that a moratorium on drilling around British coasts was unnecessary because British safety standards are “superior [...]

Oil Spill: Fixing a Hole

As expected, BP announced this morning that human whipping boy Tony Hayward will be stepping down as CEO, to be replaced in October by the American Bob Dudley. Hayward will be nominated as a nonexecutive director of TNK-BP, the company’s Russian oil and gas venture—meaning that Hayward is literally being exiled to Siberia. (Though don’t [...]

Oil Spill: Goodbye, Mr. Hayward

When Tony Hayward became CEO of BP in 2007, replacing a disgraced Lord John Browne, he was taking over a company in turmoil. BP was still recovering from a 2005 fire at its Texas City refinery that killed 15 people—one of the worst industrial accidents in recent memory, and a result of Browne putting profits [...]

NOAA Confirms: There’s Oil Underwater

Back in mid-May, a team of scientists announced that they had discovered enormous underwater plumes of oil in the Gulf of Mexico, presumably due to the BP oil spill. While BP steadfastly maintained that almost all of the oil spewing from a partially blown well was flowing directly to the surface, where it showed up [...]

Can Congress Break America’s Addiction to Oil?

Pity  the British—or at least the English. As if it’s not bad enough that their perpetually disappointing football side could only manage a 0-0 tie with 30th-ranked Algeria—prompting human bulldog Wayne Rooney to complain about being booed by his own fans, because that never happens in sport—certain parts of the British media have been taking [...]

BP’s Tony Hayward Gets Benched

Throughout his Congressional testimony yesterday, BP CEO Tony Hayward had one consistent message: he did not know what was going on in the tumultuous weeks leading up to the Deepwater Horizon accident. He had no direct knowledge of the company’s much criticized decisions in drilling the well, and he had no comment on the causes [...]

BP’s Tony Hayward Stonewalls Congress

Republican Congressman Joe Barton of Texas has received $27,350 in campaign donations from BP—and today during the Congressional inquisition of BP CEO Tony Hayward, Barton was worth just about every penny. Barton’s odd apology in his opening statement to Hayward—Barton said he was “ashamed of what happened in the White House” when BP agreed yesterday [...]

BP’s Tony Hayward Doesn’t Know…Much at All

The grand Congressional inquisition of BP CEO Tony Hayward has been adjourned until 2 PM—annoyingly, members of Congress are occasionally expected to vote for things—but so far the biggest revelation has come from Republican Representative Joe Barton. As Jay Newton-Small observed over in Swampland, Barton began his opening statement this morning by apologizing to Hayward [...]